Cairns Regional Council has approved the development application for a planned $550 million, three-tower complex in the city centre.
The C3 development on Sheridan St is proposed to include 796 units as well as 3700sq m of floorspace allocated to business and shopping.
The smaller two towers would rise to 69m above ground level and the tallest would be 72m.
The council said that prior to the development proceeding, the applicant would be required to submit details on how the project would incorporate tropical urbanism principles contained in CairnsPlan 2016 – a new regional planning scheme to take effect from March 1.
Developers Frank Gasparin and Peter James previously told The Cairns Post newspaper that the project construction would provide 100 fulltime jobs a year over five years and up to 240 jobs indirectly.
Cairns Chamber of Commerce chief executive officer Deb Hancock described the project approval as good news for Cairns, saying the $550 million investment would help maintain a solid stream of construction work in the area.
“We have a number of projects under way at the moment, providing a shot in the arm for industry,” she said.
These included the Mount Peter Development – Edmonton Business and Industry Park, the Satterley group’s Mount Peter residential development, the Golden Lakes development, and The Precinct performing arts facilities.
The chamber has information on a range of major building projects in the region listed on its website at www.cairnschamber.com.au/Regional-Major-Projects.872.0.html.
More details on the C3 project at www.gasparin.com.au